MARTIN Lewis has revealed how savvy shoppers can save money on their phone contract this Black Friday, with his top recommended deal costing just £8 a month.
Appearing on his ITV programme, The Martin Lewis Money Show: Live, the MoneySavingExpert.com founder was asked by one deal hunter how he can save cash on his phone bill.
The audience member, called Josh, said he’s currently paying £26 a month but is approaching the end of his contract.
It’s not clear what network he’s on, or how many minutes, texts and data he’s getting for that price.
But Martin singled out Three for offering one of the best deals, including 8GB of data and unlimited calls and texts for £8 a month – or £96 for the year.
It’s a sim-only deal for 12 months, so that means you’ll need to have an unlocked handset to get it.
How to save money on your mobile phone bill
NOT happy with your current mobile phone deal?
If you’re outside the minimum term of your contract then you won’t need to pay a cancellation fee – and you might be able to find a cheaper deal elsewhere.
But don’t just switch contracts because the price is cheaper than what you’re currently paying.
Take a look at how many minutes and texts, as well as how much data you’re using, to find out which deal is best for you.
For example, if you’re a heavy internet user it’s worth finding a deal that accomodates this so you don’t end up spending extra on bundles or add-ons each month.
Also note that if you’re still in your contract period, you might be charged an exit fee.
Ready to look elsewhere? Pay-as-you-go deals are better for people who don’t regularly use their phone, while monthly contracts usually work out cheaper for those who do.
Billmonitor also matches buyers to the best pay-monthly deal based on their previous three months of bills.
It only works if you’re a customer of EE, O2, Three, Vodafone or Tesco Mobile and you’ll need to log in with your online account details.
There’s also MobilePhoneChecker, which has a bill monitoring feature that recommends a tariff based on your monthly usage.
If you’re happy with your provider then it might be worth using your research to haggle a better deal.
If Josh switched to Three, he would save himself £18 a month – or £216 for the year.
He said: “I’m paying £26 a month right now.
“But my contract is about to expire – so where should I switch to next?”
Martin responded by urging Josh to take advantage of Black Friday deals to nab the best phone contract price.
He said: “Off the top of my head, Three is offering 8GB of data for £8 with unlimited everything.
“Virgin Mobile is also offering 10GB data, 5,000 minutes and unlimited texts.
“There’s also Smarty – a product of Three – which is offering 45GB data and unlimited everything else for £15.”
The Virgin Mobile sim-only offer costs £10 a month for a 12-month contract, down from its usual price of £16 a month.
That works out £2 more expensive a month compared to Three, or another £25 over the year.
But as it does include 2GB more internet than the Three offering, heavy mobile internet users might benefit from this package.
The Smarty sim-only deal includes 32GB more internet compared to Three, so you’d need to assess whether the extra data is worth paying £7 a month more, or £84 a year.
It’s also a 12-month contract so keep that in mind before signing up.
Martin Lewis recently explained how to get £250 worth of beauty products with M&S’ £40 advent calendar.
Plus, the MoneySavingExpert has revealed how to get £170 worth of Christmas presents for just £42.
Martin Lewis has also urged parents to claim £2,000 a year free childcare for kids under 11.